ignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocatoru&inprogress-false Calculator Print Item Instructions Bob Night opened The General's Favorite Fishing Hole. The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season. Guests typically register for one week, arriving on Sunday afternoon and returning home the following Saturday afternoon. The registration fee includes room and board, the use of fishing boats, and professional instruction in fishing techniques. The chart of accounts for the camping operations is provided below, The following transactions took place during April 20.- Apr. 1 Night invested cash in business, $90,000 1 Paid insurance premium for six-month camping season, $9,000. 2 Paid rent for lodge and campgrounds for the month of April, $40,000 2 Deposited registration fees, $35,000 Purchased 10 fishing boats on account for $60,000. The boats have estimated useful lives of five years, at which time they will be donated to a local day camp. Arrangements were made to pay for the boats in July Purchased food supplies from Acme Super Market on account, $7,000 Purchased office supplies from Gordon Office Supplies on account, $500 Deposited registration fees, $38,600. 10 Purchased food supplies from Acme Super Market on account, $8,200. 10 Paid wages to fishing guides, $10,000 14 Deposited registration fees, $30,500 16 Purchased food supplies from Acme Super Market on account, 89,000 17 Paid wages to fishing guides, $10,000. 18 Paid postage, $150. 7 Calculator Print Item 5 10 17 18 21 24 Purchased office supplies from Gordon Office Supplies on account, $500. Deposited registration fees, $38,600. Purchased food supplies from Acme Super Market on account, $8,200. Paid wages to fishing guides, $10,000. Deposited registration fees, $30,500. Purchased food supplies from Acme Super Market on account, 9,000. Paid wages to fishing guides, $10,000 Paid postage, $150. Deposited registration fees, $35,600. Purchased food supplies from Acme Super Market on account, $8,500. Paid wages to fishing guides, $10,000. Deposited registration fees, $32,000. Paid wages to fishing guides, $10,000. Purchased food supplies from Acme Super Market on account, $6,000. Paid Acme Super Market on account, $32,700. Paid utilities bill, $2,000. Paid phone bill, $1,200. Bob Night withdrew cash for personal use. $6,000. 28 29 30 30 30 30 30 Adjustment information for the end of April is provided below. (a) Office supplies remaining on hand, $100. (b) Food supplies remaining on hand, $8,000. Adjustment information for the end of April is provided below. (a) Office supplies remaining on hand, $100. (b) Food supplies remaining on hand, $8,000. (c) Insurance expired during the month of April, $1,500. (d) Depreciation on the fishing boats for the month of April, $1,000. (e) Wages earned, but not yet paid, at the end of April, $500. Required: 1. Enter the transactions in a general journal. Enter transactions from April 1-5 on page 1, April 7-18 on page 2, April 21-29 and the first two entries for April 30 on page 3, and the remaining entries for April 30 on page 4. 2. Post the entries to the general ledger. 3. Prepare a trial balance on a work sheet. 4. Complete the work sheet. 5. Journalize the adjusting entries. 6. Post the adjusting entries to the general ledger Chart of Accounts CHART OF ACCOUNTS The General's Favorite Fishing Hole Calculator Print Item CHART OF ACCOUNTS The General's Favorite Fishing Hole General Ledger REVENUE 401 Registration Fees ASSETS 101 Cash 122 Accounts Receivable 142 Office Supplies 144 Food Supplies 145 Prepaid Insurance 181 Fishing Boats 181.1 Accumulated Depreciation-Fishing Boats EXPENSES 511 Wages Expense 521 Rent Expense 523 Office Supplies Expense 524 Food Supplies Expense 525 Phone Expense 533 Utilities Expense LIABILITIES 202 Accounts Payable 219 Wages Payable 535 Insurance Expense 536 Postage Expense 542 Depreciation Expense-Fishing Boats EQUITY 311 Bob Night, Capital 312 Bob Night, Drawing 313 Income Summary Next > signment/takeAssignment Main.do?invokere&takeAssignmentSessionLocatore&inprogress=false Calculator Print Item Amount Descriptions Amount Descriptions Net Income Net Loss General Journal 1. Enter the transactions in a general Journal.Enter transactions from April 1-5 on page 1. April 7-18 on page 2. Apr 21-29 and the first two entries for April 30 on page 3, and the remaining entries for April 30 on page 4 General Journal Instructions PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DERIT CREDIT diculatur Pantilom PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT PAGE 2 Calculator Print Item PAGE 2 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT Calculator Print Item PAGE 3 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT ment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Calculator Print Item PAGE 4 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 5. Journalize the adjusting entries on April 30. PAGE 5 GENERAL JOURNAL ACCOUNT TITLE POST. REF. DEBIT CREDIT Calculator Print Item 5. Journalize the adjusting entries on April 30. PAGE 5 GENERAL JOURNAL DATE POST. REF. ACCOUNT TITLE Adjusting Entries DEBIT CREDIT General Ledger Print Item General Ledger 2&6. Post the general journal and adjusting entries to the general ledger. General Ledger Instructions GENERAL LEDGER Account: Cash Account: Office Supplies Account No. 101 Account No. 142 Account No. 144 Account No. 145 Account: Food Supplies Account: Prepaid Insurance Account: Fishing Boats Account No. 181 Account No. 181.1 Account: Accumulated Depreciation-Fishing Boats Account: Accounts Payable Account No. 202 Account: Wages Payable Account: Bob Night, Capital Account: Bob Night, Drawing Account No. 219 Account No. 311 Account No. 312 Account No. 401 Account No. 511 Account No. Account: Registration Fees Account: Wages Expense Account: Rent Expense Account: Office Supplies Expense Account: Food Supplies Expense Account: Phone France Account Account No. 524 runt No. 525 Next > TUMIJ UND Diapers ALL MUVI - Spring 2020-FU X CengageNOWV2 Online teachX + ment/takeAssignment Main.do?invokere&takeAssignmentSessionLocatore&inprogress=false Calculator E Print Item Account: 10 Night, Capital ACCOUNT NO. 31 Account: Bob Night, Drawing Account: Registration Fees Account: Wages Expense Account: Rent Expense Account: Office Supplies Expense Account: Food Supplies Expense Account: Phone Expense Account: Utilities Expense Account No. 312 Account No. 401 Count No. Account No. Account No. 523 Account No. 524 Account No. 525 Account No. 533 Account No. 535 Account: Insurance Expense Account: Postage Expense Account No. 536 Account: Depreciation Expense-Fishing Boats Account No. 542 Work Sheet 3. Prepare a trial balance on a work sheet 4. Complete the work sheet. Work Sheet Instructions The General's Favorite Fishing Hole Calculator Print Item Work Sheet Instructions The General's Favorite Fishing Hole Work Sheet For the Month Ended April 30, 20- ACCOUNT TITLE TRIAL BALANCE TRIAL BALANCE ADJUSTMENTS ADJUSTMENTS DEBIT CREDIT DEBIT CREDIT Next > i UU UY L JUSSIUNILUCdUral progress=fals Calculator E Print Item Work Sheet Instructions Refer to the Chart of Accounts and the list of Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers. TRIAL BALA If an amount box does not require an entry, leave it blank DEBIT Assignment/takeAssignment Main.do?invokereta Assignment sessionLocatorer progresse Calculator Print item Next ignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocatoru&inprogress-false Calculator Print Item Instructions Bob Night opened The General's Favorite Fishing Hole. The fishing camp is open from April through September and attracts many famous college basketball coaches during the off-season. Guests typically register for one week, arriving on Sunday afternoon and returning home the following Saturday afternoon. The registration fee includes room and board, the use of fishing boats, and professional instruction in fishing techniques. The chart of accounts for the camping operations is provided below, The following transactions took place during April 20.- Apr. 1 Night invested cash in business, $90,000 1 Paid insurance premium for six-month camping season, $9,000. 2 Paid rent for lodge and campgrounds for the month of April, $40,000 2 Deposited registration fees, $35,000 Purchased 10 fishing boats on account for $60,000. The boats have estimated useful lives of five years, at which time they will be donated to a local day camp. Arrangements were made to pay for the boats in July Purchased food supplies from Acme Super Market on account, $7,000 Purchased office supplies from Gordon Office Supplies on account, $500 Deposited registration fees, $38,600. 10 Purchased food supplies from Acme Super Market on account, $8,200. 10 Paid wages to fishing guides, $10,000 14 Deposited registration fees, $30,500 16 Purchased food supplies from Acme Super Market on account, 89,000 17 Paid wages to fishing guides, $10,000. 18 Paid postage, $150. 7 Calculator Print Item 5 10 17 18 21 24 Purchased office supplies from Gordon Office Supplies on account, $500. Deposited registration fees, $38,600. Purchased food supplies from Acme Super Market on account, $8,200. Paid wages to fishing guides, $10,000. Deposited registration fees, $30,500. Purchased food supplies from Acme Super Market on account, 9,000. Paid wages to fishing guides, $10,000 Paid postage, $150. Deposited registration fees, $35,600. Purchased food supplies from Acme Super Market on account, $8,500. Paid wages to fishing guides, $10,000. Deposited registration fees, $32,000. Paid wages to fishing guides, $10,000. Purchased food supplies from Acme Super Market on account, $6,000. Paid Acme Super Market on account, $32,700. Paid utilities bill, $2,000. Paid phone bill, $1,200. Bob Night withdrew cash for personal use. $6,000. 28 29 30 30 30 30 30 Adjustment information for the end of April is provided below. (a) Office supplies remaining on hand, $100. (b) Food supplies remaining on hand, $8,000. Adjustment information for the end of April is provided below. (a) Office supplies remaining on hand, $100. (b) Food supplies remaining on hand, $8,000. (c) Insurance expired during the month of April, $1,500. (d) Depreciation on the fishing boats for the month of April, $1,000. (e) Wages earned, but not yet paid, at the end of April, $500. Required: 1. Enter the transactions in a general journal. Enter transactions from April 1-5 on page 1, April 7-18 on page 2, April 21-29 and the first two entries for April 30 on page 3, and the remaining entries for April 30 on page 4. 2. Post the entries to the general ledger. 3. Prepare a trial balance on a work sheet. 4. Complete the work sheet. 5. Journalize the adjusting entries. 6. Post the adjusting entries to the general ledger Chart of Accounts CHART OF ACCOUNTS The General's Favorite Fishing Hole Calculator Print Item CHART OF ACCOUNTS The General's Favorite Fishing Hole General Ledger REVENUE 401 Registration Fees ASSETS 101 Cash 122 Accounts Receivable 142 Office Supplies 144 Food Supplies 145 Prepaid Insurance 181 Fishing Boats 181.1 Accumulated Depreciation-Fishing Boats EXPENSES 511 Wages Expense 521 Rent Expense 523 Office Supplies Expense 524 Food Supplies Expense 525 Phone Expense 533 Utilities Expense LIABILITIES 202 Accounts Payable 219 Wages Payable 535 Insurance Expense 536 Postage Expense 542 Depreciation Expense-Fishing Boats EQUITY 311 Bob Night, Capital 312 Bob Night, Drawing 313 Income Summary Next > signment/takeAssignment Main.do?invokere&takeAssignmentSessionLocatore&inprogress=false Calculator Print Item Amount Descriptions Amount Descriptions Net Income Net Loss General Journal 1. Enter the transactions in a general Journal.Enter transactions from April 1-5 on page 1. April 7-18 on page 2. Apr 21-29 and the first two entries for April 30 on page 3, and the remaining entries for April 30 on page 4 General Journal Instructions PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DERIT CREDIT diculatur Pantilom PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT PAGE 2 Calculator Print Item PAGE 2 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT Calculator Print Item PAGE 3 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT ment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Calculator Print Item PAGE 4 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 5. Journalize the adjusting entries on April 30. PAGE 5 GENERAL JOURNAL ACCOUNT TITLE POST. REF. DEBIT CREDIT Calculator Print Item 5. Journalize the adjusting entries on April 30. PAGE 5 GENERAL JOURNAL DATE POST. REF. ACCOUNT TITLE Adjusting Entries DEBIT CREDIT General Ledger Print Item General Ledger 2&6. Post the general journal and adjusting entries to the general ledger. General Ledger Instructions GENERAL LEDGER Account: Cash Account: Office Supplies Account No. 101 Account No. 142 Account No. 144 Account No. 145 Account: Food Supplies Account: Prepaid Insurance Account: Fishing Boats Account No. 181 Account No. 181.1 Account: Accumulated Depreciation-Fishing Boats Account: Accounts Payable Account No. 202 Account: Wages Payable Account: Bob Night, Capital Account: Bob Night, Drawing Account No. 219 Account No. 311 Account No. 312 Account No. 401 Account No. 511 Account No. Account: Registration Fees Account: Wages Expense Account: Rent Expense Account: Office Supplies Expense Account: Food Supplies Expense Account: Phone France Account Account No. 524 runt No. 525 Next > TUMIJ UND Diapers ALL MUVI - Spring 2020-FU X CengageNOWV2 Online teachX + ment/takeAssignment Main.do?invokere&takeAssignmentSessionLocatore&inprogress=false Calculator E Print Item Account: 10 Night, Capital ACCOUNT NO. 31 Account: Bob Night, Drawing Account: Registration Fees Account: Wages Expense Account: Rent Expense Account: Office Supplies Expense Account: Food Supplies Expense Account: Phone Expense Account: Utilities Expense Account No. 312 Account No. 401 Count No. Account No. Account No. 523 Account No. 524 Account No. 525 Account No. 533 Account No. 535 Account: Insurance Expense Account: Postage Expense Account No. 536 Account: Depreciation Expense-Fishing Boats Account No. 542 Work Sheet 3. Prepare a trial balance on a work sheet 4. Complete the work sheet. Work Sheet Instructions The General's Favorite Fishing Hole Calculator Print Item Work Sheet Instructions The General's Favorite Fishing Hole Work Sheet For the Month Ended April 30, 20- ACCOUNT TITLE TRIAL BALANCE TRIAL BALANCE ADJUSTMENTS ADJUSTMENTS DEBIT CREDIT DEBIT CREDIT Next > i UU UY L JUSSIUNILUCdUral progress=fals Calculator E Print Item Work Sheet Instructions Refer to the Chart of Accounts and the list of Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter amounts as positive numbers. TRIAL BALA If an amount box does not require an entry, leave it blank DEBIT Assignment/takeAssignment Main.do?invokereta Assignment sessionLocatorer progresse Calculator Print item Next
